By OGJ editors
HOUSTON, Sept. 9 – The Israeli Petroleum Commissioner awarded Adira Energy Corp. of Ontario the 97,000-acre Gabriella license in the Mediterranean 10 km off Israel between Netanya and Ashdod.
A 3-year initial period began July 15, 2009. The license is in 80-120 m of water. Adira is a subsidiary of AMG Oil Ltd., Vancouver, BC.
The license contains the Yam Yafo-1 exploratory well in an area where at least two wells tested oil or gas-condensate from Jurassic carbonates in the early 1990s. Technical problems and a shortage of funds prevented production.
Nine wells have been drilled within a 34-km radius of the central part of the block, and Adira believes it has a good prospect that is an attractive target for hydrocarbon exploration.
Adira also plans to begin drilling on its Eitan license in northern Israel’s onshore Hula Valley in October 2009.
Photo from Eni SPA.
